As Bestbuy,CircuitCity and other retailers are charging a 15% restocking fee on any open items, you could lose much money when you try to return your holiday purchase next month. However, there is a "secret" way to avoid these re-stocking fee. I say it is secret because many people just do not know this benefit although they are qualified for it.

What is the secret? American Express Return Protection service!

What is American Express Return Protection?

No More Shopping Regrets- Return Protection1 offers guaranteed product satisfaction on designated items purchased entirely with an eligible American Express® Card.

90 Days of Protection - If you try to return an eligible item purchased in the U.S. within 90 days from the date of purchase and the merchant won't take it back, American Express will refund the purchase price.

Up to $300 Coverage - You are covered for up to $300 per item, excluding shipping and handling, up to $1,000 annually per Card account.

Which card has this benefit?

Many of American Express cards have this benefit. Below is a list of the card:

1. Starwood Prefered Guest Credit Card from Ameican Express

2. Blue From American Express

3. Preferred Reward Greed Card
4. Preferred Reward Gold Card
5. Rewards Plus Gold Card
6. Platinum Card
7. TrueEarnings from Costco and American Express
8. Clear from American Express
9. Blue for Student
10. IN:NYC Card
11. IN: LA Card
12. IN: Chicago Card
13. The Knot Credit Card from American Express
14. The Nest Credit Card from American Express
15. Blue Sky from American Express

How to File a American Express Return Protection Request?

1. Once you have verified that the merchant will not accept the designated item, call 1-800-297-8019 within 90 days of the purchase date to notify American Express of your request.

2. Within 30 days from the date of your initial call, send the following documents to American Express by mail or FAX.

• Original store receipt

• American Express Card record of charge •

• Any other items deemed reasonable by American Express to process your request

Once your request has been approved, American Express will mail you a letter with pre-print label. You just need send the purchased item back within 30 days.

Is Shipping and Handling Charges covered?

No. Unfortunately, American Express does not refund you any shipping and handling charge. So next time when you purcahase online, try not to buy from these stores that charge a shipping and handling fee. Try to buy from store like Amazon or Buy.com.

Is there any amount limit?

Yes. The Refund-up to $300 per item and up to a maximum of $1,000 per Cardmember per year.

How is the refund paid? Does American send me a check?

American Express will issue a credit to your credit card account directly.

How can I check the status of my claim?

You can check the status of your claim online or call 1-800-297-8019.

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